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A borrower had a loan of $40,000.00 at 6% compounded annually, with 15 annual payments. Suppose the borrower paid off the loan after 4

A borrower had a loan of $40,000.00 at 6% compounded annually, with 15 annual payments. Suppose the borrower paid off the loan after 4 years. Calculate the amount needed to pay off the l The amount needed to pay off this loan after 4 years is $

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